SoftBank Vision Fund 2 and Tiger Global led a $154m Series D round in HOSE EKUAIBAO.

Financials

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Transaction Value£112m

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Hose Ekuaibao

bidder

Tiger Global Management

bidder

Softbank Vision Fund 2

Sources

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Tags

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Completed

Friendly

e-invoicing

Cross Border

China

Single Bidder

Acquisition

Private

Venture Capital

Digital Services

Minority

Private Equity

Synopsis

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SoftBank Vision Fund 2 and Tiger Global led a $154m Series D round in HOSE EKUAIBAO, a Chinese e-invoicing firm. The new investment arrived as the Chinese government is speeding up the electronic transformation of the economic climate.